Securitization of Real Estate Assets
G. Jason Goddard and
Bill Marcum
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G. Jason Goddard: Wells Fargo
Bill Marcum: Wake Forest University
Chapter 11 in Real Estate Investment, 2012, pp 225-252 from Springer
Abstract:
Abstract One of the most significant financial innovations of the twentieth century was the introduction of securitization. Securitization involves pooling individual, usually illiquid, assets and using the pool as collateral for the issuance of an entirely new set of financial securities. People that invest in the new securities are promised a proportionate share of the cash flows produced by the pool of assets.
Keywords: Cash Flow; Mortgage Loan; Federal Housing Administration; Commercial Mortgage; Master Servicer (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-642-23527-6_11
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DOI: 10.1007/978-3-642-23527-6_11
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